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Transportation

Hyundai GLOVIS Co., Ltd.

  • 176,000.00 KRW
  • +1,000.00
  • +0.57%
  • South Korea
    Apr 20, 2018
  • Ticker
    KRX(086280)
  • Prev. close
    175,000
  • Market cap (KRW)
    6,562.50B
  • Market cap (USD)
    6,148.98M
  • Shares
    37.50M

Company Background

Hyundai Glovis of South Korea was established in 2001 under the name Hankook Logitech to offer logistic services for its founders, Hyundai Motor and Kia Motors.

Hyundai Motor used to farm out logistics operations to Hyundai Merchant Marine, a member of the Hyundai group, but shifted to Hankook upon gaining independence from the group under the leadership of Chung Mong-koo. In 2003, Hankook changed its name to Hyundai Glovis, a portmanteau of the words "global" and "vision."

Chung Eui-sun, the only son of Chung Mong-koo, chairman and group owner-manager of Hyundai Motor, is the biggest shareholder in Hyundai Glovis. Hyundai Motor and Chung Mong-koo are also major shareholders in the logistics company. Chung Eui-sun, who is expected to succeed his father as head of the Hyundai Motor group, is vice chairman of Hyundai Motor.

In addition to offering logistics services for finished Hyundai cars, Hyundai Glovis also ships parts to the automaker's overseas plants. It has business outlets in the U.S. as well as in countries in Europe and Asia in which it has plants for finished vehicles. Stable orders from Hyundai Motor group have enabled the logistics unit to grow in step with the carmaker's expanding global vehicle sales.

Hyundai Glovis also auctions and exports used cars to Russia and other markets, in addition to selling them in South Korea.

The company is increasingly handling nonautomotive goods. In 2015, it won a $500 million order from a state-run Qatari company to transport 50 million tons of aggregates from the United Arab Emirates to Qatar over five years starting in 2016.

Business Summary

Hyundai GLOVIS Co., Ltd. engages in freight transport brokerage, agency and other supporting transport services. It operates through the following business areas: Logistics, Shipping and Complete Knock down (CKD), Used Car and New Growth. The Logistics business provides international, domestics and military logistics, logistics consulting services. The Shipping business offers overseas shipment for finished vehicles and bulk export and import. The CKD business provides CKD distribution and packing. The Used Car business offers auction house and wholesale. The New Growth business provides distribution of recycled resources for automobiles, resource development and distribution, product trading. The company was founded on February 22, 2001 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2017 KRWUSD
Revenue16,358.28B14,469.82M
Gross Profit1,120.66B991.29M
Operating income725,726.32M641.94M
Income before tax889,341.08M786.67M
Net income680,499.17M601.93M
EBITDA892,391.11M789.37M
Diluted EPS18,14716.05
Dividends Per Share3,0002.65
Total Assets8,185.66B7,646.22M
Total liabilities4,196.14B3,919.61M
Total equity3,989.28B3,726.39M
Operating cash flow606,533.43M536.51M
Currency in KRWCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 12,861.25B 13,922.02B 14,671.20B 15,340.63B 16,358.28B
Gross Profit 1,005.09B 1,009.52B 1,103.65B 1,094.18B 1,120.66B
Operating income 626,058.07M 643,056.22M 690,036.50M 728,219.70M 725,726.32M
Income before tax 665,088.55M 670,166.54M 545,887.99M 650,127.79M 889,341.08M
Net income 481,280.90M 536,239.89M 376,964.10M 505,613.63M 680,499.17M
EBITDA 706,222.36M 742,590.14M 818,984.86M 884,477.39M 892,391.11M
Diluted EPS 12,834 14,300 10,052 13,483 18,147
Dividends Per Share 1,500 2,000 3,000 3,000 3,000
Total Assets 5,069.21B 6,196.21B 7,478.51B 7,967.47B 8,185.66B
Total liabilities 2,735.38B 3,425.13B 4,381.74B 4,490.03B 4,196.14B
Total equity 2,333.83B 2,771.07B 3,096.62B 3,477.19B 3,989.28B
Operating cash flow 407,286.20M 369,608.55M 783,091.78M 606,297.46M 606,533.43M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 11,747.98M 13,225.58M 12,962.68M 13,222.52M 14,469.82M
Gross Profit 918.09M 959.02M 975.13M 943.10M 991.29M
Operating income 571.86M 610.88M 609.67M 627.67M 641.94M
Income before tax 607.51M 636.64M 482.31M 560.36M 786.67M
Net income 439.62M 509.41M 333.06M 435.80M 601.93M
EBITDA 645.09M 705.44M 723.61M 762.35M 789.37M
Diluted EPS 11.72 13.58 8.88 11.62 16.05
Dividends Per Share 1.37 1.89 2.65 2.58 2.65
Total Assets 4,803.35M 5,637.27M 6,377.99M 6,596.68M 7,646.22M
Total liabilities 2,591.91M 3,116.17M 3,736.93M 3,717.52M 3,919.61M
Total equity 2,211.43M 2,521.10M 2,640.93M 2,878.94M 3,726.39M
Operating cash flow 372.03M 351.11M 691.89M 522.58M 536.51M

Valuation Measures

Dec 2017
PER7.49
ROA8.42%
ROE18.22%
Operating margin4.43%
Profit margin4.15%

Key executives

  • Chief Executive Officer & Director: Jung-Hoon Kim
  • Director & Head-Finance Planning: Soon-Bok Kim
  • Head-Compliance Support: Wan-Sang Woo
  • Director, Vice President & Head-Logistics: Hyeong-Ho Kim
  • Director & Vice President: Young-Seon Kim

Shareholders

  • CHUNG EUI-SUN (23.2%)
  • Wallenius Wilhelmsen Logistics ASA (12.0%)
  • National Pension Service of Korea (10.7%)
  • CHUNG MONG KOO (6.7%)
  • Hyundai Motor Co., Ltd. (4.8%)
  • Hyundai Motor Chung Mong-Koo Foundation (4.4%)
  • The Vanguard Group, Inc. (1.2%)
  • BlackRock Fund Advisors (1.1%)
  • Nordea Investment Management AB (Denmark) (1.0%)
  • Norges Bank Investment Management (0.9%)

Contact Details

  • Website:http://www.glovis.net
  • Address: 301 Teheran-ro, Gangnam-gu, Seoul, 06152, South Korea
  • Phone: +82.2.6191.9114

Related Companies

  • Glovis Canada, Inc.
  • Global Logistics New Jersey LLC
  • GLOVIS Brasil Logistica Ltda.
  • Maria Maritime Ltd.
  • Hyundai Glovis Lojistik Sanayi Ve Ticaret Ltd. Sti
  • Hyundai Glovis India Pvt Ltd.
  • Hyundai Glovis Alabama LLC
  • Hyundai Glovis Russia LLC
  • Hyundai Glovis Georgia LLC
  • Beijing Glovis Warehousing & Transportation Co., Ltd.
  • Adampol SA
  • Glovis America, Inc.
  • Hyundai GLOVIS Co., Ltd. Employee Stock Ownership Association

Competitors

  • Intergis Co., Ltd
  • Mitsui O.S.K.Lines,Ltd.
  • Nippon Yusen Kabushiki Kaisha
  • Compania Sud Americana de Vapores S.A.
  • Wilh. Wilhelmsen Holding ASA Class A
  • Wallenius Wilhelmsen Logistics ASA
  • SeAH Holdings Corporation
  • Hansol Logistics Co., Ltd.
Last Updated on 20 Apr, 2018

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